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Wednesday, 1 November 2017

EPIC RESEARCH MCX COPPER UPDATE OF 01 NOVEMBER 2017


Copper trading range for the day is 439.2-451.8. Copper dropped as its early rebound was arrested by concerns that the market had become overextended.Codelco has raised its 2018 physical copper premium to European buyers to $88 a tonne from the $80 to $85 a tonne range this year. On-warrant copper inventories available to the market in LME-registered warehouses fell another 2,300 tonnes to 160,950 tonnes.

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